At this point, the market needs more than just hopes.Next week's economic reports may be key in that regard, since they will provide updates on retail sales, new housing starts, industrial production, and the Fed's 'beige book' analysis of economic conditions in its 12 regions.Meanwhile, the volatility has spawned considerable talk of bubbles and crashes; either that the market is not yet in bubble conditions so has further to go (usually after several triple-digit rally days); or is due for a vicious crash (usually after several triple-digit down days).However, both bubbles and crashes are extremely rare events, neither likely to take place.